IB skill practice

Evaluate trade creation, trade diversion, and protectionism welfare

Economics HL skill with original exam-style quantitative, diagram, data-response, and evaluation seeds.

Paper 3 Paper 1 5 marks Difficulty 3

HL exam practice: Trade policy welfare

A Sydney housing policy data asks an HL student to analyse Trade policy welfare using the labelled diagram and data evidence. Identify the key result and explain the economic judgement required. Enter the answer and choose the interpretation that best matches the HL economic evidence.

Worked practice: economic evidence and answer

Identify the economic evidence first, then state the result and interpretation.